Alexey Petrenko
A security deposit and an advance rent accounts in Florida.
Hi. I live in California, and I recently purchased a rental property in Florida. As far as I understand, Florida law requires to hold a security deposit and advance rent on separate accounts in a "Florida banking inst...
Ben M.
Tax question on rental properties
Since we are taxed on our income from rental properties, how does one usually prepare for this? Let's say if the tenant is paying $1200/month how much of that would be taxed and how does one budget for that? Do other ...
Adam Craig
Best cash back credit card for big spenders
I have done some research on this topic and it appears Alliant offers the best cash back card which was something like 3% in year 1 and 2% lifetime.
I called them today and was not aware this could not be used as a b...
Account Closed
where to find contracts
Where can I find the contracts for making offers and wholesaling so I can put them together myself I am a licensed realtor but I am not with a brokerage
Raven Ye Mahar
LLC Formation State for Real Estate Investing Help
Hi all,
I am looking to form a LLC to invest my real estate properties under. I am based in NYC but I am looking to invest in properties elsewhere in other states. Should I be forming my LLC in my home state (NY), D...
Michal Kolenda
Setting Up Landlord Bank Account
Hi all, I'm currently in the process of closing my first deal. I'm going to be house hacking a 3flat, and am wondering if using the PNC Virtual Wallet to manage the finances is a good idea. Has anybody used this in th...
Cody Dills
Houston, TX (Neighborhood recomedations)
Hello all! I am a new investor currently living in California. I will soon be transferring within my job to Houston, TX. I am in the middle of my research on the different sub-divisions of neighborhoods and areas wher...
Alex Kouame
General Contractor or Architect
Hello fellow investors! As a newcomer to the investment scene in Cleveland, Ohio, I've come across a property that requires renovation and a layout overhaul. I've approached several local contractors, and although onl...
Zachary Smith
ARV without solid Comps
Hi All,I am looking to implement the BRRR strategy with a very large duplex in one of my sub-markets that does not have many solid comps. The property is in need of a great deal of work, my spreadsheet has it at just ...
Mark Muleta
Back-to-back Loan Arrangement
Hello everyone! I’m a newbie and will be closing on our first LLC rental property next week:). I did a 30 year cash out refi on my paid off home so I can loan that money to my LLC to buy this property cash. I have a l...